Tag: DOL

DOL Fiduciary Proposal: Best-interest Broker Contract Planned

The U.S. Department of Labor on April 14 previewed proposed changes to the 40-year-old definition of “fiduciary” that the agency says will increase consumer protection for those seeking advice on retirement investments and 401(k) rollovers. The long-awaited changes will include a new contract for broker-dealers to sign that pledges they will “formally commit to their […]

Texas judge puts FMLA rule’s new definition of spouse on hold

For the time being, employers in states that don’t recognize same-sex marriage don’t have to comply with a new rule changing the definition of spouse under the Family and Medical Leave Act (FMLA). The rule was to take effect on March 27, but a federal district judge in Texas issued a temporary injunction on March […]

DOL: New Overtime Rules Expected This Spring

The U.S. Department of Labor will likely propose changes to its overtime regulations this spring, Secretary of Labor Thomas E. Perez told lawmakers March 18. President Obama last March instructed DOL to simplify its rules and raise its salary threshold defining which workers are exempt from overtime. To be considered exempt from the minimum wage […]

New rule extends FMLA rights to more employees in same-sex marriages

More employees in same-sex marriages will be able to take leave under the federal Family and Medical Leave Act (FMLA) as a result of a new rule taking effect March 27. And while employers in states that recognize same-sex marriage already have been operating under a definition of spouse that includes legally married same-sex partners, […]

Minimum Wage Requirements 101

Does your organization pay minimum wage for any roles? What about roles that are paid above minimum wage, but still close to it? Did you know this may not be enough to be legal if you’re taking certain deductions off that pay? Did you know that you may not be able to pay only the […]

DOL: Cafeteria Plans and Cash Alone Fail ACA Employer Mandate

Employers cannot simply give employees extra money to buy individual health insurance — whether through health reimbursement arrangements, health flexible spending arrangements or just plain cash — and expect to avoid “shared responsibility” penalties, the IRS with the U.S. Departments of Labor and Health and Human Services said in new frequently asked questions about the […]